All Forum Posts by: Account Closed

Thank you for you answer.

There is a problem as in our country we just can't open a LLC and get the RE loan from the bank.

The bank will lend the money to us only as a housing loan taken by a physical person not as a LLC. The main criteria for that is our montly salary and not cash flows from other cash currents. Which is a pain in the *** as without the consent of the bank we can't even sell the property to a LLC later on.

But nonetheless we could structure the deal like you suggested. As co-owners of the property. Except if you have a better option of structuring the deal in case a LLC is not a viable option?

Thanks again!

Me and my friend are buying a long-term cash flow real estate.

The total for real estate and repairs would be 300.000 $. The down payment will be 120.000$ and the mortgage will be 180.000$

The person A will pay the down payment of 120.000$ and will take the mortgage of 130.000$. The person A also found the deal.

The person B will take the mortgage of 50.000$

Both will equaly manage the property.

The property should cash-flow around 10.000-15.000$ per year. 

How in your expertise would you structure such a deal? What portion should the person B get (in equity and cash flow) for taking the mortgage of 50.000$? 

Anyone? :)

So I am a student and I have been thinking of buying my first real estate deal. I am looking for cash flow in the long term. I am from Europe so the prices and cost figures that I will give you might be slightly different. So here is the deal? What is your advice?

The deal is:

Purchase price: 110.000

Repair: 120.000

Units: 5

Rent per unit: 350

Rent total (monthly): 1.750

Rent total (yearly): 21.000

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Downpayment: 65.000

Mortgage: 165.000

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Costs (yearly)

Property tax: 1.000

Insurance: 300

Rent tax: 2.000

Other expences: 500

What do you think. Every advice would be greatly appreciated.